Track market-moving stories before they get noisy

On July 22, 2026, Delek Logistics Partners LP (DKL) shares rose 3.6% today, bringing the current price to $57.22. The stock has been quite volatile over the pas

Delek Logistics Partners offers an 8.24% forward yield, well supported by robust cash flow and resilient operating performance amid an energy export boom. DKL trades at an attractive 9.7x FWD EV/EBITDA, with fair value estimated at $60–$65 per unit, underpinned by strong growth and market tailwinds. Recent aggressive PP&E investments and rising revenue per barrel (up 37.7% YoY) highlight DKL's pricing power and strategic positioning in the Permian Basin.

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Delek Logistics Partners, LP (NYSE:DKL), which plays a critical role in the energy supply chain, just hit a milestone that almost no MLP can claim: 52 consecutive quarterly distribution increases spanning 13 consecutive years of distribution growth. The current annualized payout of ~$4.50 per unit, against a recent unit price of $52.76, translates to an 8.53% yield, which ranks among the highest in its peer group. But a closer look at the cash flow mechanics raises a legitimate question about whether that streak reflects financial strength or financial engineering.

Delek Logistics Partners (DKL) The Streak Is Real. The Coverage Is Not. President Avigal Soreq called the milestone “an extraordinary achievement,” reflecting “financial prudence.” The operational story does support a certain level of optimism as full-year 2025 adjusted EBITDA hit a record $536 million, with each quarter setting a new high, from $116.54M in Q1 to $142.28M in Q4. Delaware Basin crude gathering volumes reached 153,745 barrels per day in Q3 2025, up from 125,123 bpd a year earlier, and water disposal volumes nearly doubled to 616,484 bpd.

The cash flow picture tells a more complicated story, especially in 2025, when the operating cash flow of $237.1M barely covered dividend payouts of $238.1M, resulting in a coverage ratio of essentially 1.0x. Capital expenditures of $267.8M exceeded operating cash flow entirely and were funded through capital markets. At the quarterly level, Q4 2025 was starker: operating cash flow of $31M covered only about half the $59.9M in distributions paid that quarter. The Q4 2025 adjusted distributable cash flow coverage ratio was approximately 1.22x, a metric that adds back non-cash items while still reflecting a lean business.

Leverage and Analyst Divergence Total debt stands at approximately $2.3 billion against a leverage ratio of ~4.07x as of Q4 2025, an improvement from the 4.44x peak in Q3. Somewhat concerning to shareholders is that their equity has eroded to just $6.11M, and the reported payout ratio sits at 136.78%. CFO Robert Wright acknowledged the tension directly: “While we are driving meaningful financial and operational growth across the partnership, we remain equally focused on achieving our long-term leverage and coverage objectives.”

When it comes to what think analysts think, there is some split thinking as Citigroup moved to Neutral in March 2026 with a $52 price target, citing the recent earnings miss and “limited growth potential.” Raymond James took the opposite view, maintaining an Outperform rating and raising its target to $55, citing cash flow growth and operational execution. For the moment, the consensus sits at Hold.

What to Watch The bull case hinges on the Libby Complex sour gas and acid gas injection buildout, which management describes as a “step change” in utilization and a multi-year growth engine for the Delaware Basin. The 2026 EBITDA guidance range of $520M to $560M, even absorbing a ~$10M Winter Storm Fern hit in Q1, would represent continued EBITDA growth. If guidance is met and leverage continues declining toward management’s stated targets, the distribution streak has a credible path forward. If capex remains elevated and coverage stays thin, the 53rd increase will be a harder sell.

Posted by Defense World Staff on Apr 3rd, 2026

Delek Logistics Partners, L.P. (NYSE:DKL – Get Free Report) has received a consensus recommendation of “Hold” from the six brokerages that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $52.25.

A number of brokerages recently issued reports on DKL. Citigroup restated a “neutral” rating and issued a $52.00 target price (up from $47.00) on shares of Delek Logistics Partners in a research note on Friday, March 6th. Raymond James Financial reissued an “outperform” rating and issued a $55.00 price objective on shares of Delek Logistics Partners in a report on Thursday, March 5th. Zacks Research cut Delek Logistics Partners from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd. Weiss Ratings raised Delek Logistics Partners from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 4th. Finally, Truist Financial assumed coverage on Delek Logistics Partners in a research report on Tuesday, March 24th. They issued a “hold” rating and a $57.00 target price on the stock.

Check Out Our Latest Research Report on Delek Logistics Partners

Delek Logistics Partners Trading Down 0.5% Shares of Delek Logistics Partners stock opened at $50.20 on Tuesday. The firm’s 50 day simple moving average is $52.55 and its two-hundred day simple moving average is $47.90. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of 15.26, a PEG ratio of 0.47 and a beta of 0.54. Delek Logistics Partners has a 12-month low of $34.59 and a 12-month high of $55.89. The company has a current ratio of 1.12, a quick ratio of 1.07 and a debt-to-equity ratio of 386.77.

Delek Logistics Partners (NYSE:DKL – Get Free Report) last posted its quarterly earnings data on Friday, February 27th. The oil and gas producer reported $0.88 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.38). The company had revenue of $255.77 million for the quarter, compared to analyst estimates of $283.64 million. Delek Logistics Partners had a return on equity of 461.30% and a net margin of 17.41%. Analysts predict that Delek Logistics Partners will post 3.01 EPS for the current year.

Delek Logistics Partners Increases Dividend The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th were paid a dividend of $1.125 per share. This represents a $4.50 annualized dividend and a yield of 9.0%. The ex-dividend date was Thursday, February 5th. This is a positive change from Delek Logistics Partners’s previous quarterly dividend of $1.12. Delek Logistics Partners’s dividend payout ratio (DPR) is presently 136.78%.

Institutional Trading of Delek Logistics Partners A number of hedge funds and other institutional investors have recently made changes to their positions in DKL. Motiv8 Investments LLC acquired a new position in Delek Logistics Partners during the fourth quarter valued at $192,000. Van ECK Associates Corp boosted its holdings in Delek Logistics Partners by 4.9% in the fourth quarter. Van ECK Associates Corp now owns 5,547 shares of the oil and gas producer’s stock valued at $248,000 after purchasing an additional 258 shares during the last quarter. Wells Fargo & Company MN grew its position in Delek Logistics Partners by 31.7% during the 4th quarter. Wells Fargo & Company MN now owns 13,523 shares of the oil and gas producer’s stock worth $603,000 after purchasing an additional 3,257 shares during the period. American Financial Group Inc. grew its position in Delek Logistics Partners by 3.0% during the 4th quarter. American Financial Group Inc. now owns 17,000 shares of the oil and gas producer’s stock worth $759,000 after purchasing an additional 500 shares during the period. Finally, Alps Advisors Inc. raised its stake in shares of Delek Logistics Partners by 3.8% during the 4th quarter. Alps Advisors Inc. now owns 4,489,123 shares of the oil and gas producer’s stock valued at $200,305,000 after buying an additional 165,741 shares during the last quarter. Institutional investors and hedge funds own 11.75% of the company’s stock.

About Delek Logistics Partners (Get Free Report)

Delek Logistics Partners L.P. (NYSE: DKL) is a master limited partnership formed in 2011 through contributions of pipeline, terminal and crude oil gathering assets by its sponsor, Delek US Holdings, Inc Headquartered in Brentwood, Tennessee, the partnership is managed by Delek Logistics GP, LLC, an affiliate of Delek US. Delek Logistics Partners owns and operates an integrated network of petroleum pipelines and terminals that support the movement, storage and throughput of crude oil and refined products.

The partnership’s core operations include crude oil gathering and processing systems, long-haul pipeline transportation and storage terminal services.

Read More Five stocks we like better than Delek Logistics Partners

Receive News & Ratings for Delek Logistics Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delek Logistics Partners and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINEAnalyzing ONEX (OTCMKTS:ONEXF) and Hpil (OTCMKTS:HPIL)

NEXT HEADLINE »E.W. Scripps Company (The) (NASDAQ:SSP) Receives $6.95 Average PT from Analysts

Posted by Defense World Staff on Apr 21st, 2026

GraniteShares Advisors LLC trimmed its holdings in shares of Delek Logistics Partners, L.P. (NYSE:DKL – Free Report) by 18.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,694 shares of the oil and gas producer’s stock after selling 13,259 shares during the quarter. GraniteShares Advisors LLC owned 0.11% of Delek Logistics Partners worth $2,664,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. BNP Paribas Financial Markets bought a new stake in shares of Delek Logistics Partners during the second quarter worth $50,000. Jones Financial Companies Lllp lifted its position in shares of Delek Logistics Partners by 303.3% during the first quarter. Jones Financial Companies Lllp now owns 1,210 shares of the oil and gas producer’s stock worth $52,000 after purchasing an additional 910 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Delek Logistics Partners by 92.8% during the third quarter. Farther Finance Advisors LLC now owns 2,285 shares of the oil and gas producer’s stock worth $104,000 after purchasing an additional 1,100 shares during the last quarter. Osaic Holdings Inc. lifted its position in shares of Delek Logistics Partners by 245.8% during the second quarter. Osaic Holdings Inc. now owns 2,687 shares of the oil and gas producer’s stock worth $115,000 after purchasing an additional 1,910 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Delek Logistics Partners by 1,186.5% during the second quarter. Bank of America Corp DE now owns 4,194 shares of the oil and gas producer’s stock worth $180,000 after purchasing an additional 3,868 shares during the last quarter. 11.75% of the stock is currently owned by institutional investors.

Delek Logistics Partners Stock Up 1.2% Shares of NYSE DKL opened at $50.18 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 1.07 and a debt-to-equity ratio of 386.77. The stock has a market capitalization of $2.68 billion, a PE ratio of 15.25, a price-to-earnings-growth ratio of 0.54 and a beta of 0.54. The stock’s fifty day simple moving average is $52.23 and its two-hundred day simple moving average is $48.27. Delek Logistics Partners, L.P. has a 12-month low of $35.75 and a 12-month high of $55.89.

Delek Logistics Partners (NYSE:DKL – Get Free Report) last announced its earnings results on Friday, February 27th. The oil and gas producer reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.38). The company had revenue of $255.77 million for the quarter, compared to the consensus estimate of $283.64 million. Delek Logistics Partners had a net margin of 17.41% and a return on equity of 461.30%. As a group, analysts expect that Delek Logistics Partners, L.P. will post 4.13 EPS for the current fiscal year.

Delek Logistics Partners Increases Dividend The business also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th were given a dividend of $1.125 per share. This is a boost from Delek Logistics Partners’s previous quarterly dividend of $1.12. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $4.50 annualized dividend and a yield of 9.0%. Delek Logistics Partners’s payout ratio is 136.78%.

Analyst Upgrades and Downgrades A number of equities research analysts have weighed in on the company. Raymond James Financial reaffirmed an “outperform” rating and set a $55.00 target price on shares of Delek Logistics Partners in a research report on Thursday, March 5th. Truist Financial began coverage on Delek Logistics Partners in a research report on Tuesday, March 24th. They set a “hold” rating and a $57.00 target price for the company. Zacks Research downgraded Delek Logistics Partners from a “hold” rating to a “strong sell” rating in a report on Friday, January 23rd. Weiss Ratings upgraded Delek Logistics Partners from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 4th. Finally, Citigroup reiterated a “neutral” rating and set a $52.00 target price (up from $47.00) on shares of Delek Logistics Partners in a report on Friday, March 6th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $52.25.

Read Our Latest Research Report on Delek Logistics Partners

Delek Logistics Partners Company Profile (Free Report)

Delek Logistics Partners L.P. (NYSE: DKL) is a master limited partnership formed in 2011 through contributions of pipeline, terminal and crude oil gathering assets by its sponsor, Delek US Holdings, Inc Headquartered in Brentwood, Tennessee, the partnership is managed by Delek Logistics GP, LLC, an affiliate of Delek US. Delek Logistics Partners owns and operates an integrated network of petroleum pipelines and terminals that support the movement, storage and throughput of crude oil and refined products.

The partnership’s core operations include crude oil gathering and processing systems, long-haul pipeline transportation and storage terminal services.

Recommended Stories Five stocks we like better than Delek Logistics Partners Want to see what other hedge funds are holding DKL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Delek Logistics Partners, L.P. (NYSE:DKL – Free Report).

Receive News & Ratings for Delek Logistics Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delek Logistics Partners and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINEGraniteShares Advisors LLC Purchases Shares of 229,783 BlackRock Floating Rate Income Strategies Fund, Inc. $FRA

NEXT HEADLINE »GraniteShares Advisors LLC Invests $680,000 in Insmed, Inc. $INSM

BRENTWOOD, Tenn.--(BUSINESS WIRE)--Delek Logistics Partners, LP (NYSE: DKL) ("Delek Logistics") today announced its financial results for the first quarter 2026. “Delek Logistics continued its strong performance into 2026, supported by solid execution across our crude, gas, and water segments,” said Avigal Soreq, President of Delek Logistics' general partner. “During the first quarter, we saw continued benefits from the ramp-up of our Delaware crude and water gathering businesses and made furth.

The midstream energy sector has reinforced its reputation as a reliable source of income for investors. Key industry players have announced sequential increases to their latest payouts. These distribution hikes underscore the fundamental strength of energy infrastructure companies and their ability to generate attractive income for investors.

Key Takeaways: Targa Resources (TRGP) and Sunoco LP (SUN) led the quarter with significant payout increases of 25% and 6.25%, respectively. A broad range of midstream constituents, including Western Midstream (WES) and Kinder Morgan (KMI), grew their payouts. The growth in underlying dividends provides a fundamental tailwind for midstream ETFs like AMLP and ENFR. Targa & Sunoco Lead the Charge The primary highlights of the current cycle include significant payout increases from Targa Resources Corp (TRGP) and Sunoco LP (SUN). Targa Resources followed through on its previous guidance, boosting its quarterly dividend by 25% to $1.25 per share, up from the $1.00 paid in the prior quarter. Targa currently stands as a top 10 holding in the Alerian Energy Infrastructure ETF (ENFR), which provides exposure to the Alerian Midstream Energy Select Index (AMEI). AMEI was yielding 4.8% as of April 28 .

Sunoco LP also made headlines by announcing a 6.25% increase in its quarterly distribution to $0.9899 per unit. This move is particularly notable as it includes a one-time 5% step-up alongside a standard 1.25% quarterly increase. Sunoco’s capital allocation strategy includes a multi-year distribution growth rate of at least 5%. As the top holding in the Alerian MLP ETF (AMLP) in late April, Sunoco’s payout growth provides a substantial tailwind for the fund’s yield.. AMLP tracks the Alerian MLP Infrastructure Index (AMZI), which was yielding 7.1% as of April 28.

Broad-Based Increases Across the Midstream Space The momentum extended to several other major midstream operators. Western Midstream Partners (WES) increased its distribution by 2.2% to $0.93, while Kinder Morgan (KMI) raised its payout by 1.7% to $0.2975. Hess Midstream (HESM) continued its consistent growth trajectory with an increase of 2.0% to $0.7792 per share. Energy Transfer (ET) and Delek Logistics Partners (DKL), continued their pattern of smaller, consecutive quarterly hikes, raising payouts by less than 1% to $0.3375 and $1.13, respectively.

Investors can access these names through ENFR, which offers broader exposure to the entire midstream segment, or through AMLP, which includes SUN, ET, WES, HESM, and DKL. Approximately 90% of holdings by weighting for both ENFR and AMLP have increased their payouts within the last year. Importantly, there has not been a cut to a regular dividend for a name in AMLP or ENFR since July 2021.

Looking for midstream insights in your inbox? Subscribe here to keep a pulse on midstream investing through our weekly updates.

For more news, information, and analysis, visit the Energy Infrastructure Content Hub.

vettafi.com is owned by VettaFi LLC (“VettaFi”). VettaFi is the index provider for AMLP and ENFR for which it receives an index licensing fee. However, AMLP and ENFR are not issued, sponsored, endorsed, or sold by VettaFi, and VettaFi has no obligation or liability in connection with the issuance, administration, marketing, or trading of AMLP and ENFR.

Delek Logistics Partners, LP remains resilient and undervalued, with robust fundamentals and a well-diversified, fee-based revenue structure. DKL's Q1 2026 revenue rose 19% YoY to $297.5M, driven by strong midstream activity and increased third-party exposure. Despite cost pressures, DKL maintains ample liquidity, strategic debt management, and stable cash flows supporting distributions.

BRENTWOOD, Tenn.--(BUSINESS WIRE)--Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics”) and Delek Logistics Finance Corp., a subsidiary of Delek Logistics (together with Delek Logistics, the “Offerors”), announced today that they have commenced a cash tender offer (the “Offer”) for any and all of their outstanding 7.125% Senior Notes due 2028 (the “Notes”), upon the terms and conditions set forth in the Offer to Purchase, dated as of May 4, 2026, and the related Letter of Transmittal an.

BRENTWOOD, Tenn--(BUSINESS WIRE)--Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics”) and Delek Logistics Finance Corp., a subsidiary of Delek Logistics (together with Delek Logistics, the “Offerors”), announced today that they have received, as of 5:00 p.m., New York City time, on May 11, 2026 (the “Expiration Time”), tenders from holders of $270,721,000 in aggregate principal amount (excluding tenders through guaranteed delivery procedures), representing approximately 67.7%, of the O.